if you understand what the major shareholders are thinking yesterday...then there is no surprise for yesterday dip... they were prepared for today, there is reason behind, and I tell you those who bought at low price yesterday will enjoy another wave of money printing process......
Do not feel panic when the price made a u turn , this is the ploy to let u forgo all your stock holdings . Short or Mid term still positive and securely intact . To me , any dip in price and esp like u turn yesterday was an opportunity to accumulate more and to make better gain. Pity those who choose to let go cheaply but I think they have no choice as a contra or day traders . Happy trading ahead...
Those who are thinking of buying cheaper @ 9c may have to wait for the splitting in a few years time coz the moment u let go, u may have to buy a bit more expensive....and again those are chicken hearted , u may sell now coz it is an opportunity to sell when u considered your tp already exceeded.
kawan kawan, open high close low with volume in future might need to pay some attention...i hope every one print some $$$, but have to be caution. timing is very important as a lot of investor here bought with very low price.
think back supply and demand. what is actually happen if price can't go any where but the volume is ultra high. the volume is actually sale volume. take the load off,clear position first.
as share price up, we have peoples optimistic about the current high could be higher. i am kind of done with mmsv and starting to look into it competitor also based in penang.
Elsoft was compared in previous post and it was rally from 90cents to 170cents, with recent new high... it might worth a look as it started to diversify to medical related device (embedded system in PD machine - a kind of dialysis equipment) and control board for automotive segment.
it applied for main board listing back to aug. if the application passed, one of the actions is the management must do is share liquidity in order for more investors and fund manager to buy in. the point here is they are capable to give bonus issue.
let's print some money let it be from mmsv or others. good luck man.........
I bought both MMSV and Elsoft.. For me, Elsoft is more for longer term.. It is better and more stable financially over the years, with positive factors such as application to mainboard and diversification ie medical related devices like dialysis.. I thought it has lost its momentum when i bought in rather late as the price has surged up quite alot recently but it surprised me by still continuing its uptrend.. Whereas for MMSV, i take it as a more offensive purpose in mind.. Its profits over the years are not quite stable, but the plus point is that the management is willing to make the necessary changes and venture into the LED sector.. With this change, so far it seems that it is doing the company more good than bad and if this continues, the % profit u can gain from MMSV would be more than Elsoft albeit with higher risk.. Just my opinion. :)
Elsoft PE is double of mmsv....and also its price has been fully factored and the excitement lost but mmsv is the opposite and just the beginning of a bright future...
A test on how strong you believe in the fundamentals of the company and application of different strategies - take profit now and buy back later or to top up more now when price is lower? Anyway, bears seem to be all around the market today, lol..
yes , fundamentally still very strong but most of the penny stocks suffered biggest losses after the panic selling triggered by the overseas report....and mmsv also greatly affected. Now is considered cheaper to hold this stock after the selling down , to me not so because the volume is too small @ 4.725 mi shares compared with its peak at from 21-25 million shares , this is not a call to sell down but looking more positive in the longer term .. Technically the downside almost there but the upside seemed brighter coz its earnings are sill intact and looking forward for the next good quarter result...Happy trading and happy collecting...
Support Level: RM0.535, RM0.50 Resistance Level: RM0.66, RM0.73, RM0.80, RM0.87 Entry Level: RM0.59 Share Analysis Based on the daily chart, the price has been trading above midterm uptrend line and revealed that midterm uptrend pattern is intact. The Heat Wave indicators; Tenkan-sen line, Kinjun-sen line and the Chikao span line show the bullish signal. A buy signal is given with Positive Directional Index (+DI) crossed above Negative Directional Index (-DI). The ADX line shows the positive uptrend side at this level. This bullish signal is also supported by MACD those currently above 0 level. The bulls need a sustained violation of RM0.585 (last significant resistance level) to propel to a new high. Failure to surpass RM0.585 runs the risk of developing a pull back to support level (RM0.535). Since the short term trend is bullish, day traders with shorter time frame perspective may ride on the short term bullishness and buy on breakout level (RM0.59) with confirmation rising in trading volume. Those with lower risk appetite should wait at the side-line and buy on the dip. Price Objective Short Term – target price at (RM0.655, RM0.725), stop loss (RM0.53) Mid Term – target price at (RM0.795, RM0.865), stop loss (RM0.495)
In year 2013, MMSV has free cash flow amounting 6.27mil. It's TTM free cash increased to 7.75mil. To be conservative, I take 6.27mil FCF as the base. I assume MMSV will sustain it's current performance and will only grow 3.5%pa, which is equivalent to inflation rate. (If a co. can't beat inflation rate it better close shop). The discount rate is 10% (7%premium over 3% risk free rate).
Result:
Present value of FCF = 105mil Minus debt = (31k) Minus MI = 0 Plus excess cash = 10.14mil Present value FCFE = 155.17mil Divide by no. share (163mil shares) = 71sen At 48sen, it offers MOS of 32%
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
leslieroycarter
5,777 posts
Posted by leslieroycarter > 2014-10-02 16:28 | Report Abuse
more buying opportunity coming again....